Genesco Inc. (NYSE: GCO) has reported E.P.S. of $-0.91 for its second fiscal quarter (ending July 31) versus $-2.79 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $-0.67 compared to $0.61 a year ago — a decline of -210%.
Recent Price Action
Genesco Inc. (NYSE: GCO) stock closed at $25.97 on 9/6/24 after a major decline of -12.0%. Moreover, trading volume in this decline was exceptionally high at 382% of normal. The stock has declined -14.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, GCO is expected to be Value Creation neutral.
Genesco has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Genesco has a good Appreciation Score of 82 but a poor Power Rating of 29, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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